Atlas, Bain Capital launch $410M freighter leasing platform TAI 2
TAI 2 launches with a $410M capital commitment from Bain and Atlas, expanding their JV for global freighter leasing.
Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide, and Bain Capital have closed Titan Aircraft Investments II, DAC (TAI 2), a new freighter aircraft investment platform. The venture begins with a $410 million capital commitment from Bain Capital and Atlas, expanding their joint platform aimed at providing flexible and efficient freighter leasing solutions globally, according to an official release from Bain Capital.
“The successful deployment of TAI 1 has demonstrated the strength of our partnership with Bain Capital and Atlas, and the critical role Titan plays in delivering efficient, flexible freighter leasing solutions,” says Eamonn Forbes, Senior Vice President and Chief Commercial Officer, Titan Aviation Leasing. “We are excited to scale this platform further with TAI 2 and continue supporting the evolving needs of the global air cargo industry.”
Building on the success of Titan Aircraft Investments I (TAI 1), launched in 2019 with $400 million in initial capital, TAI 2 marks a significant expansion of the freighter leasing platform, designed to address the continued global demand for dedicated cargo aircraft.
“This expanded platform underscores our commitment to the freighter leasing sector and to building long-term solutions for our customers,” says Michael Steen, Chief Executive Officer, Atlas Air Worldwide.
TAI 1 targeted long-term deployment of $1 billion in assets. Since TAI 1’s inception, Titan Aviation Leasing has acquired 19 aircraft across 11 lessees worldwide, capitalising on secular demand for cargo aircraft driven by robust e-commerce growth.
“We are proud to deepen our partnership with Titan and Atlas as we expand our platform to meet the increasingly complex demands of global cargo supply chains,” says Matthew Evans, a Partner at Bain Capital. “By leveraging our combined expertise with the ability to act quickly and efficiently in a continually evolving market, we are well-positioned to continue delivering flexible, high-impact solutions that help freight operators around the world meet their diverse financing needs.”
Titan Aviation Leasing will continue managing both portfolios, offering full aircraft and lease management services, and drawing on its cargo aviation expertise to serve an expanding and diversified customer base, the release added.
